Question: PLEASE ANSWER ALL QUESTIONS 27 .Budgeting: A. Sets targets and objectives established by management B. Is intended to control expenses C. Defines how revenue will

PLEASE ANSWER ALL QUESTIONS

27 .Budgeting:

  • A. Sets targets and objectives established by management
  • B. Is intended to control expenses
  • C. Defines how revenue will be earned
  • D. Sets the organization's "rules of the road" for operating

28. Hospitals are currently paid less if a patient is discharged and readmitted within 30 days for a related diagnosis. This is an example of:

  • A. Payment for service provided
  • B. Payment for quality measurement
  • C. Payment for coinsurance
  • D. Payment for deductible

29. Which of the following is not an emerging payment model?

  • A. Patient Centered Medical Home
  • B. ACO
  • C. Bundled Payment
  • D. DRG

30. Which of the following is NOT an incentive to provide more services?

  • A. Capitation
  • B. Charge-based reimbursement
  • C. Per diem
  • D. Per procedure

31. The party ultimately responsible for payment for healthcare services is:

  • A. Medicaid
  • B. The insurer
  • C. The patient
  • D. The provider accounts receivable staff

32. Population health management challenges clinicians to shift their business model to all of the following EXCEPT:

  • A. From solo practitioner to collaborative, multi-disciplinary colleague
  • B. From treatment volume to preventative health care in a population
  • C. From fee-for-service to payment for quality outcomes
  • D. From physician practice to entrepreneur

33. When using the accrual basis of accounting, revenue is recognized:

  • A. At the time of claim generation
  • B. At the time of cash receipt
  • C. At the time services are performed
  • D. At the time of discharge

34. A "line of credit" from a bank is:

  • A. A financial partnering strategy to strengthen an entity's financial position
  • B. A strategy for strengthening an entity's credit rating
  • C. A strategy for access to additional funding to meet immediate cash needs
  • D. A financial strategy for balancing specific line items in a budget

35. A budget, in terms of a healthcare entity, is a:

  • A. Set of benchmarks
  • B. Reporting tool
  • C. Financial tool
  • D. Management tool

36. The term "cost" in health care can mean all of the following EXCEPT:

  • A. The amount a patient owes
  • B. The amount paid on an invoice for a supply
  • C. The amount paid to employees for salaries
  • D. The amount paid for a service

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